Learn how a UCC-1 Financing Statement secures a creditor's interest in a borrower's personal property and outlines the order ...
Zero tolerance continues to be the name of the game in drafting Uniform Commercial Code (UCC) financing statements. While in some states, minor mistakes in UCC financing statements may be forgiven, in ...
In East Texas Machining & Manufacturing, the court held that a lender’s UCC-1 financing statement was seriously misleading because it identified the debtor by a name different from the one listed on ...
“What’s in a name? That which we call a rose by any other name would smell just as sweet.” Not so fast, Juliet. While this sweet sentiment may have fared well in William Shakespeare’s, Romeo and ...
In Florida, perfection of a security interest in personal property occurs when a sufficient UCC-1 financing statement (a UCC-1) is filed with the Registry. The Registry provides an online database ...
NASHVILLE, Tenn. — The Tennessee Secretary of State announced that people should be cautious when receiving official-looking mail. This time, the scam is targeting most Tennesseans by asking them to ...
Forbes contributors publish independent expert analyses and insights. I write about commercial real estate negotiations, deals and legal issues. UCC-1 filings are easy to make correctly and a disaster ...
Andrew Bloomenthal has 20+ years of editorial experience as a financial journalist and as a financial services marketing writer. Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society ...